Are you looking for a premium office space? Office space rentals are the best option for many businesses, whether they’re small or large. Office spaces start from one room to a complete floor in a building. Different features, meeting rooms, and amenities like kitchen service, reception, etc, characterize them. Now that you are considering renting an office space, we will discuss every factor influencing the cost, including market demand, location, and size.
How is Office Space Rent Calculated?
When you see any office space for rent, the first impression of that space is the location. Some of the areas in Dublin are very expensive, like the ones near the city center, so obviously, the price of office space in that location would be higher. Amenities & services are also considered while calculating office space rent. These are the main factors on which the basis of office space rent can be calculated.
Types of Office Spaces:
Coworking Space
It is a shared environment where individuals or businesses can work together in a productive environment. Every coworking space has basic facilities such as Wi-Fi, a printer, conference rooms, tea, snacks, etc.
Serviced Office
A fully equipped office that handles your privacy and confidential information. It is also fully furnished and has all basic facilities.
Leased Office Space
In this, the office space is provided to you for a specific period, and it comes unfurnished. It allows you to decorate according to your business, including everything: furniture, lights, ambiance, etc.
Key Factors to Consider While Renting Office Space
Location
First, location affects office space rental; some locations are expensive, and some are normal. The cost to rent an office space is also influenced by some location-specific factors, such as :
a) Safety & neighborhood
b) Transportation services in that particular area.
c) Local amenities
Size
The cost of the office depends on the size requirement of your business. If you are a startup company, you may require small office space, and on the other hand, if you are a settled company, you will need a larger office space.
Amenities
Cost also depends upon what amenities & facilities are available in the office space, such as meeting rooms, parking, kitchen facilities, and conference rooms. These amenities are standard, and you will not pay any extra cost even if you are not using them.
Security
It is essential to your workplace, so verify it, such as CCTV, access control, and safety protocols, to protect your team and assets.
Parking
As your employees and clients need parking spaces, you must check that the parking spaces are properly available at your office location.
Brand Image
Rented office space will be the reflection of your brand identity & your company culture. Make sure to check the location and infrastructure of the office, which will give a vibe to your employees & clients.
Infrastructure & Connectivity
Make sure to check the technological infrastructure of the office space, which is required to connect your office seamlessly to everyone.
Hidden Costs
This is a severe point that is ignored by most people when renting office space. Some additional fees and costs in your budget comprise, such as maintenance and repair costs, insurance, VAT on rent, and utility bills. You can’t ignore these things because they also affect the price of renting an office somewhere. So don’t forget about the hidden costs.
What are the Needs of your Office Space?
Not every office space is perfect for everyone. Every business has different requirements, from tech startups, agencies, and financial institutions with unique needs and work cultures. Choosing the right office space is very important, and finding one for your startup or business is difficult. It depends on you to decide which office space would be suitable. Here are some examples from which you are more clear about what office space is best for you:
For Tech Startups
Coworking spaces or serviced offices are preferable because they grow rapidly. They need office spaces that can scale with them. These offices allow you to change the space, whether large or small, anytime without a burden.
For Law Firms
Managed and private offices are preferable as they need a private space for conversation. They have confidential matters, sensitive talks, and document handling.
For Call Centers
They require a serviced office space as they have a high volume of calls & interactions. Others will be disturbed, so a coworking space is unsuitable for them.
Are you still unclear which office suits your business? No worries, Work Hub has superior agents to make your choice perfect. Contact our agent today!
Conclusion
Keeping all these things in mind helps you choose the best office space that fits your needs. If you are looking for a flexible working space, whether you are a startup or a big enterprise, Workhub is the best office space rental in Dublin. We offer secure office spaces with high-class amenities at a very reasonable price. Why wait more? Get the best spaces for your office with Workhub!